Indonesia will sign a comprehensive economic partnership agreement (CEPA) with Australia in March, according to trade minister Enggartiasto Lukita. Both the nations agreed on a CEPA when Australian Prime Minister Scott Morrison visited Indonesia in August 2018. Lukita and his Australian counterpart Simon Birmingham had signed a joint declaration of CEPA then.
However, the signing of the CEPA was put on hold following Australia`s plan to move its embassy from Tel Aviv to Jerusalem, according to a news agency report.Indonesia will sign a comprehensive economic partnership agreement (CEPA) with Australia in March, according to trade minister Enggartiasto Lukita.Both the nations agreed on a CEPA when Australian Prime Minister Scott Morrison visited Indonesia in August 2018. Lukita and his Australian counterpart Simon Birmingham had signed a joint declaration of CEPA then.#
Trade between the two sides was worth $8.3 billion last year, with Indonesia suffering a deficit of $3.48 billion. (DS)
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